Frasers Centrepoint said that it has fully sold two of its projects â the 330-unit 8@Woodleigh and the 110-unit Woodsville 28. Homes at 8@Woodleigh went for an average of $790 per sq ft (psf), while units at Woodsville 28 sold for an average price of $775 psf.

8@Woodleigh was launched just two weeks ago. Woodsville 28 was launched in July 2008 but most units languished until the buying momentum returned to the market this year.

2. Written by News on 23-06-2009 14:38

Strong sales over the weekend

Frasers Centrepoint is said to have sold 302 of the total 330 units in its 8@Woodleigh condo since Friday. The average price of the 99-year leasehold project near Potong Pasir MRT Station is about $780 per square foot. Buyers who opt for an interest absorption scheme (IAS) offered by the developer have to pay 3 per cent more.

The 15-storey development comprises five blocks. About 40 per cent of the units are studios, two-bedders as well as apartments with two-bedrooms plus study. The remaining 60 per cent are three- and four-bedders.

The average price of a studio unit is around $400,000 while a two-bedder typically costs between $650,000 and $670,000.

The project drew mostly Singaporean buyers. In addition to attracting those who bought units for their own occupation, the project is said to have drawn a fair bit of specu-vestors.

8@Woodleigh âs location next to the future Stamford American International School gives it a strong investment appeal.

âSome people bought with a view to leasing the units to expat families (for the bigger units) or to the single teachers at the school (for studios and two-bedders),â a market watcher said.

The project is being marketed by DTZ and ERA.

3. Written by News on 22-06-2009 13:14

Nearly all 180 units of soft launch sold

Hundreds of people turned up at the soft launch of a new condominium project in Woodleigh on Saturday morning.

Before noon, 140 of the 180 units at the 8 @ Woodleigh project were snapped up.

The developer â Frasers Centrepoint Homes â said prices were transacting at an average of S$890,000 for a 3-bedroom unit, or about S$770 per square foot.

One-bedroom units were sold at an average price of S$400,000, 2-bedroom units at S$690,000 and 4-bedroom units at S$1.1 million.

3-bedroom units make up 41% of the development, which consists of five blocks of 15-storey apartments.

The 99-year leasehold project is expected to have its TOP (Temporary Occupation Permit) in August 2013.

70% of the buyers are upgraders from public housing.

The developer said it will put on sale another 150 units at Woodleigh next weekend.